002830SZSE

Progress Announcement on Using Part of Idle Funds to Purchase Financial Products

Mingdiao Co., Ltd.··4p

✨ AI Summary

Shenzhen Mingzheng Decoration Co., Ltd. announced its plan to invest over 1 billion yuan of idle funds into various financial products. The board approved the proposal on April 24, 2025. The investments aim to mitigate risks and enhance returns, with expected annual returns ranging from 1.45% to benchmark interest rates plus 5%. The company has outlined risk analysis and control measures to manage potential investment risks.

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Full Translation

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On April 24, 2025, Shenzhen Mingzheng Decoration Co., Ltd. (hereinafter referred to as "the Company") convened the sixth board meeting of the sixth session, which approved the proposal regarding the use of part of the idle funds for purchasing financial products. The company and its subsidiaries plan to invest more than 1 billion yuan in financial products managed by various financial institutions to mitigate risks and enhance returns.

Basic Information on Purchasing Financial Products

Basic Information on Purchasing Financial Products

NoProduct NameProduct TypeAmount (10,000 yuan)Start DateTerm LimitExpected Annual ReturnUnderwriter
1Fixed Income ProductFixed Income20002026/1/7No fixed term5%* benchmark interest rate + 95% of the benchmark interest rateChina Everbright Financial Co., Ltd.
2FOF8136Fixed Income50002026/1/8No fixed term3.50%Shanghai Tianshi Asset Management Co., Ltd.
3FOF 13Fixed Income50002026/1/9No fixed term3.50%First Capital Securities Co., Ltd.
4FOF96Mixed Type30002026/1/14No fixed term4.50%First Capital Securities Co., Ltd.
5Credit Fund 001Fixed Income20002026/1/14No fixed term1.50%-4.50%Zhongxin Securities Co., Ltd.
6Fixed Income ProductFixed Income45002026/2/4No fixed term5%* benchmark interest rate + 95% of the benchmark interest rateZhongxin Financial Co., Ltd.
7Fixed Income ProductFixed Income40002026/2/625 days1.45%-2.90%Credit Suisse Securities (China) Ltd.
8Fixed Income ProductMixed Type30002026/2/6No fixed term3%Zhongxin Securities Asset Management Co., Ltd.
9FOF87Mixed Type20002026/3/5No fixed term4.50%First Capital Securities Co., Ltd.
10FOF97Mixed Type20002026/3/5No fixed term4.50%First Capital Securities Co., Ltd.

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